Quote from: Ziskinberg on May 22, 2021, 11:23:29 PM

Quote from: neatworld on May 22, 2021, 08:30:29 PM

I think it was manipulation to begin with, compounded by weak hands who panic dumped. The market was really due a correction because of all those joke meme coins that were starting to dominate the news, and even the rankings. I say good riddance to bad rubbish. Hopefully, this reset will allow projects with genuine utility to shine, because (hopefully), genuine investors in crazy times like these would rather strengthen their positions in projects that they see have long term potential.

I can't say it was a sort of manipulation, maybe we can say that bullish season totally has its ends. We can never say that the market will keep at a high level, it sometimes the market will fall just like now. But the good thing is that it won't move down straight unlike what we have experienced last 2018 bear season. So people could still have the chance to sell their coins at a higher price.

Yes, that's correct. Those who bought last year or even the ATH of December 2017 are still in profit right now. Big ones.
I think we just got used to a high price when large investors keeps on coming for the past few months.
It may not be a manipulation but could be a profit taking time. Don't we also do the same in trading? We buy cheap, we sell high. It's the normal of cryptocurrencies and because it's easier that we don't need a broker telling him to sell but we do it directly without paperworks needed.
Correction is done and so does the dump, I think we know where it will go next. Time to buy.